News Archives for Markets - 2020-12-18

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Commodities

EU wheat firm on South America weather, Russia export uncertainty

March milling wheat on Paris-based Euronext was up 0.75 euros, or 0.4pc, at 208.00 euros a tonne by 1503 GMT.

Updated 18 Dec, 2020 09:11pm

Commodities

Raw sugar slips as dollar consolidates losses; coffee gains

March raw sugar was down 0.2pc to 14.65 cents per lb at 1156 GMT, having earlier hit a one week high of 14.76.

Published 18 Dec, 2020 08:31pm

Commodities

Soybeans extend run to 6-year high; South American weather in focus

The most active soybean futures on the Chicago Board Of Trade were up 0.9pc at $12.12 a bushel at 1154 GMT, after earlier rising to a 6-1/2 year high of $12.16-1/4.

Published 18 Dec, 2020 06:08pm

Commodities

Palm jumps nearly 2pc on likely muted production, higher exports

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange climbed for a third consecutive session, closing 65 ringgit higher at 3,443 ringgit ($852.76).

Published 18 Dec, 2020 05:09pm

Commodities

Gold set for third weekly gain as traders eye U.S. fiscal stimulus

U.S. Congressional lawmakers scrambled to pass a coronavirus aid package on Thursday with both parties saying that failure to reach an agreement was no longer an option.

Published 18 Dec, 2020 03:35pm

Commodities

Ukraine sunoil export prices resume rally

Ukraine is the world's largest sunoil exporter and supplied 6.632 million tonnes of the commodity abroad in the 2019/20 September-August season.

Published 18 Dec, 2020 03:31pm

Commodities

Shanghai copper hits over 9-year high, London prices breach $8,000/tonne

The most-traded January copper contract on the Shanghai Futures Exchange climbed as much as 2.2pc to 59,500 yuan ($9,095.36) a tonne, a level unseen since September 2011.

Published 18 Dec, 2020 03:27pm

Commodities

Ukraine 2020 wheat crop totals 25.3mn T

The economy ministry this week said the harvest was at 25.1 million tonnes in bunker weight.

Published 18 Dec, 2020 03:18pm

Commodities

Global coal demand to rise 2.6% in 2021 after record decline this year: IEA

Coal is a key driver of CO2 emissions and governments around the globe have pledged carbon neutrality in the next decades, including China, which has set its target for before 2060.

Published 18 Dec, 2020 11:31am

Commodities

Gold set for third weekly gain as traders eye US fiscal support

A break above the $1,892 area with support from a dovish U.S Federal Reserve and a weaker dollar could signal further upside with resistance at $1,910 ahead, Yang said.

Published 18 Dec, 2020 11:24am

Commodities

Foreign Cos keen in manufacturing electric cars, mobile-phone in Pakistan

“VIVO [Chinese smartphone manufacturer] is purchasing land to establish a mobile manufacturing plant in Pakistan, whereas Samsung [South Korea technology giant] is actively drawing its feasibility but has yet to reach a conclusion, but we are optimistic,” said Azhar.

Published 18 Dec, 2020 10:58am

Commodities

Rio Tinto names Stausholm as CEO in surprise pick after cave destruction

A parliamentary inquiry has called on Rio to pay restitution to Indigenous Australians affected by the destruction and also fully reconstruct the rock shelters.

Published 18 Dec, 2020 10:51am

Commodities

Asia Rice-Shipping container crunch lifts Vietnam rates to 9-year peak

Bangladesh issued a new tender to purchase 50,000 tonnes of rice closing on Dec. 28, while another tender for a similar volume is due to open on Dec. 22.

Published 18 Dec, 2020 10:38am

Commodities

Soybeans hit more than six-year high on strong demand, South American concerns

Wheat prices in western European markets were little changed as improved crop outlooks in several rival exporters kept a lid on the market.

Published 18 Dec, 2020 10:12am

Commodities

Copper set for seventh straight weekly gain on US stimulus hopes

Three-month copper on the London Metal Exchange rose 0.9% to $7,988 a tonne by 0223 GMT and was up 0.9% for the week.

Published 18 Dec, 2020 09:59am

Commodities

China ferrous metals scale contract highs on strong demand outlook

"Although the actual demand and the state of destocking are slower than before, the overall destocking (trend) is still maintained," they wrote in a note.

Published 18 Dec, 2020 09:57am

Commodities

Palm extends gains to third session on supply slump, improving exports

Also, supporting prices were gains in rival oils elsewhere.

Published 18 Dec, 2020 09:47am

Commodities

Gold set for third straight weekly gain on US stimulus hopes

US Congressional Republicans and Democrats scrambled to pass a new round of coronavirus aid on Thursday with lawmakers from both parties saying that failure to agree was no longer an option.

Published 18 Dec, 2020 08:52am

Commodities

US corn, wheat and soybeans rally with exports in focus

"We are at the crucial time," said Mark Schultz, chief market analyst at Northstar Commodity. "They better start getting the moisture."
Chicago Board of Trade January soybean futures settled up 17-1/2 cents at $12.01-1/4 a bushel. CBOT March corn futures gained 5-1/4 cents to $4.32-1/2.

Published 18 Dec, 2020 03:27am

Commodities

US MIDDAY: Soyabean, corn futures rise

CHICAGO: Chicago Board of Trade soyabean and corn futures rose on Thursday, recovering from overnight losses on ...